The IPO will stay open for both resident and non-resident Bangladeshis till August 16 this year
The initial public offering (IPO) of Walton Hi-Tech Industries Limited begins on August 9, with the company aiming to raise Tk100 crore from the capital market through the Book Building method.
The IPO will stay open for both resident and non-resident Bangladeshis till August 16 this year.
The cut-off price of the IPO of Walton Hi-Tech Industries was set at Tk252 per share for general investors, as the company aims to raise Tk100 crore from the capital market.
Out of Tk100 crore, Tk60.96 crore will be collected from eligible investors, and the remaining Tk39.04 crore from general investors.
At the end of the bidding process, with a proposed rate between Tk765 and Tk12, the cut-off price was set at Tk315.
According to the rules of the book building method, the shares will be sold to general investors at a 20% discount (with extra 10%) or at Tk252 per share.
The Bangladesh Securities and Exchange Commission (BSEC) on June 23 approved the prospectus for the IPO of Walton.
According to Walton’s audited financial statement for the year ending June 30, 2019, the company’s net asset value per share and weighted average earnings per share were Tk243.16 and Tk28.42, respectively.
The authorized capital of Walton is Tk600 crore, while the paid-up capital is Tk300 crore.
AAA Finance and Investment Ltd is acting as the Issue Manager of the company’s IPO.